Rent, population, and median household income are important factors to consider for a 1031 exchange in Itasca due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Itasca, Illinois is a part of the Glendale Heights/Lombard Submarket submarket area, and contains zip code 60143.
Itasca Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Itasca, IL submarket area was $1,497, which is 18.90% higher than 2014 average rent. This represents a compounded annual growth rate of 3.52%. 2019 vacancy in Itasca, IL was 4.10%.
The total population of the city of Itasca, IL has grown 14.08% since 2010. As of 2018, the population was 9,867. The median household income of the Itasca was $88,878, which is 47.41% higher than the national average.
- submarket area Glendale Heights / Lombard Submarket
- avg rent $1,497
- rent growth 18.90%
- vacancy 4.10%
- median income $88,878
- population (2018) 9,867
- population growth 14.08%
- vs. nat'l avg 47.41%
- zip code 60143